Rio Tinto and Baowu said on Wednesday that they will set up a JV to develop the Western Range iron ore mine project in Pilbara.

Most of the capital goods monitored by the Chinese government posted lower prices in early September compared with late August this year, official data showed Wednesday.

ERG has long considered ESG a priority in the group's operations and rolled out such a strategy in 2021.

So far, the installed capacity of renewable energy in Datong has reached 6.9 million kilowatts, accounting for half the total installed capacity of the city's power grid.

The Chinese market for stainless steel shows resilience and is brimming with opportunities, despite the disruption that COVID-19 has brought to the global stainless steel industry, according to industry insiders.

Driven by innovation, the stainless steel industry in Ningde, southeast China's Fujian Province, has grown significantly in recent years.

Meanwhile, 63.41 million tonnes of thermal coal were stored in 363 power supply plants as of Aug. 31, which could ensure power generation for 25 days.

Rio Tinto will account for 54 percent of the joint venture while China Baowu will account for 46 percent.